策略周报：或有调整

Market Overview - The five major indices tracked last week all experienced gains, indicating a strong market trend. The Shanghai Composite Index is currently around 3350 points, suggesting a potential for some consolidation and volatility [2][21]. - Last week's performance of major indices includes: CSI 300 up 1.19%, Shanghai Composite up 1.30%, Shenzhen Component up 1.64%, ChiNext up 1.88%, and CSI 500 up 1.95% [11][12]. Industry Performance - Among the 31 primary industry indices tracked, 25 saw increases while 6 experienced declines. The top five performing sectors were Media, Computer, Retail, Communication, and Pharmaceutical [9][12]. - The bottom five performing sectors were Coal, Defense, Oil & Gas, Utilities, and Machinery [12]. Trading Data - Total trading volume last week was 6723.37 billion shares, with a total transaction value of 87481.86 billion yuan. There were 3001 stocks that rose and 2305 that fell [13][14]. - As of last week, 20 stocks reached historical highs, while 1 stock hit a historical low. The number of stocks reaching new highs over 30, 60, and 120 days were 756, 328, and 147 respectively. Conversely, the number of stocks reaching new lows over the same periods were 155, 41, and 18 [15][16]. Margin Trading Data - Margin trading data indicates a weekly increase in financing balance of approximately 323 billion yuan and a slight increase in margin short balance of about 5 billion yuan [16][17].